Ritholtz Wealth Management Invests $722,000 in Strategy Inc $MSTR

Key Points

• Ritholtz Wealth Management has invested approximately $722,000 in Strategy Inc (NASDAQ:MSTR) by purchasing 1,787 shares in the second quarter.
• Insider activity includes CFO Andrew Kang selling 18,750 shares for over $7.4 million, while Director Peter L. Briger, Jr. acquired 220,000 shares worth $19.8 million.
• Strategy reported earnings of $32.60 per share for the last quarter, surpassing estimates and indicating strong growth with a net margin of 1,036.61%.

Ritholtz Wealth Management purchased a new position in shares of Strategy Inc (NASDAQ:MSTR - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,787 shares of the software maker's stock, valued at approximately $722,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in Strategy by 47.7% in the first quarter. GAMMA Investing LLC now owns 830 shares of the software maker's stock valued at $239,000 after purchasing an additional 268 shares during the period. Janney Montgomery Scott LLC grew its holdings in Strategy by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 27,905 shares of the software maker's stock valued at $8,044,000 after purchasing an additional 881 shares during the period. EQ Wealth Advisors LLC purchased a new stake in Strategy in the first quarter valued at approximately $88,000. Creative Financial Designs Inc. ADV grew its holdings in Strategy by 21.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 705 shares of the software maker's stock valued at $203,000 after purchasing an additional 123 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Strategy by 27.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 528,850 shares of the software maker's stock valued at $152,452,000 after purchasing an additional 113,752 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Strategy

In other news, CFO Andrew Kang sold 18,750 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $395.00, for a total transaction of $7,406,250.00. Following the transaction, the chief financial officer directly owned 24,460 shares of the company's stock, valued at approximately $9,661,700. The trade was a 43.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Peter L. Briger, Jr. bought 220,000 shares of Strategy stock in a transaction dated Tuesday, July 29th. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $19,800,000.00. Following the completion of the transaction, the director owned 220,000 shares of the company's stock, valued at approximately $19,800,000. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 265,474 shares of company stock valued at $24,056,259 and sold 65,000 shares valued at $24,099,750. 8.46% of the stock is currently owned by company insiders.

Strategy Price Performance

MSTR opened at $289.87 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.17. Strategy Inc has a 52-week low of $197.10 and a 52-week high of $543.00. The company has a 50 day moving average of $335.82 and a two-hundred day moving average of $362.58. The company has a market cap of $82.19 billion, a P/E ratio of 25.52 and a beta of 3.83.

Strategy (NASDAQ:MSTR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $32.60 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $32.72. Strategy had a net margin of 1,036.61% and a return on equity of 18.83%. The company had revenue of $114.49 million during the quarter, compared to the consensus estimate of $112.68 million. During the same period in the previous year, the firm earned ($5.74) earnings per share. Strategy's revenue for the quarter was up 2.7% on a year-over-year basis. Strategy has set its FY 2025 guidance at 80.000-80.000 EPS.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $464.00 target price on shares of Strategy in a report on Tuesday, August 26th. China Renaissance assumed coverage on shares of Strategy in a report on Wednesday. They issued a "buy" rating and a $473.00 target price for the company. Cowen restated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. Monness Crespi & Hardt boosted their target price on shares of Strategy from $175.00 to $200.00 and gave the company a "sell" rating in a report on Tuesday, July 15th. Finally, Benchmark restated a "buy" rating on shares of Strategy in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $506.93.

About Strategy

Strategy Incorporated, formerly known as MicroStrategy, provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers Strategy ONE, a platform that allows non-technical users to access novel and actionable insights for decision-making, and Strategy Cloud for Government, which provides always-on threat monitoring designed to meet the strict technical and regulatory standards of governments and financial institutions.

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